“People should not deposit their hard earned capitals in unauthorised and illegal NBFCs and institutions expecting of getting heavy returns. The people should also inform the RBI and the appropriate authorities on these NBFCs’ acts and lodge complaints against the banking services,” B.B. Sangma, banking Ombudsman for northeastern states, told reporters.

Senior RBI official P.N. Murthy said 118 NBFCs were functioning in Tripura and none of them have registered with the RBI or any authorised bodies.

The Central bank officials were speaking to mediapersons on the sideline of a banking awareness programme at Udaipur in southern Tripura, 55 km south of Tripura capital Agartala.

They also asked people to lodge complaints and grievances, if any, about the services of any bank.